All posts filed under: Cold War

Do We Really Want a New Cold War?

Fear has been making some pretty foolish policy decisions in the last few months. In the US, the decision of several state governments to move patients infected with COVID-19 into nursing homes probably takes the prize, but a close runner-up would be Congress’s CARES act, which misguidedly paid the unemployed to stay unemployed. Trillions have been allocated to remediate the damage done by shuttering non-essential schools and businesses, but relatively little of that Niagara of dollars has made its way downstream to the small businesses and schools that have been most harmed by the lockdowns. As usual, our solons have been trying to crack a walnut with a sledgehammer. Fear has been giving no wiser advice on foreign policy. Politicians and commentators left and right have been competing to march us into a new Cold War. Hold the Chinese responsible! Sue them! Impound their US bank accounts! Uproot all our supply chains that pass through China! Show China who is boss in the South China Sea! Send Chinese students back to China before they can …